S&P 500 – Sell Idea [Video]
Powell's heavyweight speech is coming tonight! Goldman Sachs: The market is looking forward to these surprises.
① On the evening of August 23, Peking time, Federal Reserve Chairman Powell will deliver a keynote speech at the Jackson Hole Symposium. ② According to Goldman Sachs, compared to the scare Powell brought to the market two years ago, this time Powell is more likely to bring a surprise to the market.
On the eve of the Jackson Hole meeting, Federal Reserve officials are sounding dovish, expressing strong support for an early rate cut.
Officials still emphasize the health of the US labor market and economy, but advocate for gradually starting to reduce interest rates as soon as possible.
Powell in the Spotlight, but Don't Forget About Ueda's Appearance in the Diet
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Closing: US bond yields rise ahead of Powell's speech, US stocks close lower, Nasdaq falls 300 points.
In the early morning of the 23rd Beijing time, the US stock market closed lower on Thursday, with the US Treasury yield rising and the Nasdaq falling 300 points. The market is convinced that the Federal Reserve will cut interest rates in September. Investors are waiting for Powell's speech on Friday. The number of initial jobless claims in the United States last week remained flat, indicating that the labor market is gradually slowing down.